Profet AI Co-Founders: Foster Lin, Jerry Huang, Max Chen
Profet AI, a Taiwanese artificial intelligence startup that boosts operational efficiency for electronics, textile, semiconductor, and chemical manufacturers, has closed its Series A round of US$5.6 million.
Darwin Ventures led the round, with participation from Hive Ventures, AUO, SVTI, Harbinger VC, and Jensen Capital Management.
The startup will use the funds to expand into Japan, Southeast Asia, and China, besides accelerating new product development.
Founded in 2018, Profet AI provides auto machine learning solutions for semiconductor, electronics, chemicals and textile manufacturers.
It offers two solutions:
- AutoML Virtual Data Scientist Platform: a no-code development programme powered by its AutoML engine that enables users to rapidly design and develop enterprise AI applications for their everyday processes
- Ready To Go Applications: a library of tried and tested, industry-specific “Plug & Play” AI applications ready to be deployed and hyper-scaled in any public cloud or on-premises environment.
“Profet AI is designed for rapid model development and deployment to deliver instant time to value for enterprises worldwide. We will be looking at establishing joint ventures with strong partners in overseas markets to ensure the right product-market fit for each location. We look forward to supporting more companies in leveraging the power of machine learning in the coming year,” said Jerry Huang, Co-Founder and CEO of Profet AI.
Since its establishment, Profet AI has accumulated more than 100 customers across 12 major industries. The clients include ASE Inc., Qisda Corporation, Everest Textile, WUS Printed Circuit, Symbio Inc., AUO, and Cheng Shin Rubber in achieving AI-empowered core manufacturing competitiveness.
Per a statement, Profet AI doubled its revenue in 2022, demonstrating strong growth with a capital efficiency ratio of over 1:1.
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